Charles Hoskinson says he wants to bring Ripple’s RLUSD to Cardano
Charles Hoskinson, the founder of Cardano and one of the most talked-about figures in crypto, says he’s ready to bring Ripple’s RLUSD stablecoin into his ecosystem.
This came out during an interview with Big Pey, a Cardano-focused YouTube channel, where he talked about meetings with Ripple execs Brad Garlinghouse and David Schwartz. After years of being at each other’s throats, the two camps might finally be working together.
RLUSD, which is set to launch on the XRP Ledger (XRPL) and Ethereum after approval from the New York Department of Financial Services (NYDFS), could eventually be deployed on Cardano.
Here's my interview with @bigpeyYT https://t.co/ZB1slJNaju
— Charles Hoskinson (@IOHK_Charles) December 8, 2024
RLUSD and Cardano’s potential
Charles wants RLUSD to find a home on Midnight, a privacy-focused sidechain within the Cardano network. Midnight runs on a dual-token model with NIGHT for transactions and DUST for governance and staking. Charles envisions RLUSD becoming an alternative currency on the sidechain, alongside XRP.
“It makes sense to bring XRP into the Midnight story,” he said, adding that RLUSD could strengthen the privacy and functionality of Midnight’s ecosystem. Charles believes RLUSD and XRP would enhance its appeal to developers and users alike.
Midnight’s dual-token system already covers transactions and governance, but RLUSD could bring stability to its financial infrastructure.
Marlowe, Cardano’s open-source toolkit for creating smart contracts, might also play a role in this collaboration. Charles suggested that XRP and RLUSD could benefit more from Marlowe than Cardano’s native ADA token ever has.
According to him, its tools align perfectly with the functionality Ripple’s ecosystem requires. Charles pointed out that RLUSD could expand its use cases through Marlowe’s features, making it a more versatile asset. He called the integration “a no-brainer.”
A history of beef
Charles and Ripple’s community haven’t exactly been best friends. In fact, he’s gone as far as calling XRP supporters “trolls” in the past. The Ripple vs. SEC legal drama only made things worse, with Charles taking jabs at Ripple’s fans during the height of the case.
But last month, something changed. As we reported, Charles issued a public apology to the XRP community, admitting that the crypto industry’s infighting was counterproductive. “We all need to move forward,” he said. This opened the door to a more constructive relationship, leading to his recent discussions with Ripple’s leadership.
Let’s not forget who we’re dealing with here. Charles is no stranger to drama. His early days at Ethereum ended with a bitter split from Vitalik Buterin over governance. Charles wanted Ethereum to go for-profit, while Vitalik insisted on a non-profit model.
The fallout led Charles to create Cardano, which he marketed as a superior blockchain with decentralized governance. He’s spent years criticizing Ethereum, calling its governance a “dictatorship” under Vitalik’s control.
But now, Charles wants to see an end to what he’s called “petty tribalism” in crypto. “We have a window to grow this market into the trillions,” he said.
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Charles Hoskinson says he wants to bring Ripple’s RLUSD to Cardano
Charles Hoskinson, the founder of Cardano and one of the most talked-about figures in crypto, says he’s ready to bring Ripple’s RLUSD stablecoin into his ecosystem.
This came out during an interview with Big Pey, a Cardano-focused YouTube channel, where he talked about meetings with Ripple execs Brad Garlinghouse and David Schwartz. After years of being at each other’s throats, the two camps might finally be working together.
RLUSD, which is set to launch on the XRP Ledger (XRPL) and Ethereum after approval from the New York Department of Financial Services (NYDFS), could eventually be deployed on Cardano.
Here's my interview with @bigpeyYT https://t.co/ZB1slJNaju
— Charles Hoskinson (@IOHK_Charles) December 8, 2024
RLUSD and Cardano’s potential
Charles wants RLUSD to find a home on Midnight, a privacy-focused sidechain within the Cardano network. Midnight runs on a dual-token model with NIGHT for transactions and DUST for governance and staking. Charles envisions RLUSD becoming an alternative currency on the sidechain, alongside XRP.
“It makes sense to bring XRP into the Midnight story,” he said, adding that RLUSD could strengthen the privacy and functionality of Midnight’s ecosystem. Charles believes RLUSD and XRP would enhance its appeal to developers and users alike.
Midnight’s dual-token system already covers transactions and governance, but RLUSD could bring stability to its financial infrastructure.
Marlowe, Cardano’s open-source toolkit for creating smart contracts, might also play a role in this collaboration. Charles suggested that XRP and RLUSD could benefit more from Marlowe than Cardano’s native ADA token ever has.
According to him, its tools align perfectly with the functionality Ripple’s ecosystem requires. Charles pointed out that RLUSD could expand its use cases through Marlowe’s features, making it a more versatile asset. He called the integration “a no-brainer.”
A history of beef
Charles and Ripple’s community haven’t exactly been best friends. In fact, he’s gone as far as calling XRP supporters “trolls” in the past. The Ripple vs. SEC legal drama only made things worse, with Charles taking jabs at Ripple’s fans during the height of the case.
But last month, something changed. As we reported, Charles issued a public apology to the XRP community, admitting that the crypto industry’s infighting was counterproductive. “We all need to move forward,” he said. This opened the door to a more constructive relationship, leading to his recent discussions with Ripple’s leadership.
Let’s not forget who we’re dealing with here. Charles is no stranger to drama. His early days at Ethereum ended with a bitter split from Vitalik Buterin over governance. Charles wanted Ethereum to go for-profit, while Vitalik insisted on a non-profit model.
The fallout led Charles to create Cardano, which he marketed as a superior blockchain with decentralized governance. He’s spent years criticizing Ethereum, calling its governance a “dictatorship” under Vitalik’s control.
But now, Charles wants to see an end to what he’s called “petty tribalism” in crypto. “We have a window to grow this market into the trillions,” he said.
Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Read More